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FRANCHISE DEATH WATCH III: THE BARTMAN BACK IN PITTSBURGH?
Published September 26, 1995
Pirates bidder Kevin McClatchy spent most of yesterday in discussion with team officials in an effort to complete the deal to purchase the club. But sources told the WASHINGTON POST that McClatchy has asked for an extension to "prove that he has the cash" to buy the club. Mark Maske reports that McClatchy was told that to get an extension of four weeks he would have to put down a $3M nonrefundable deposit. McClathcy reportedly will decide today whether to pay the deposit and proceed. Maske also reports that the Pirates may consider a new offer today from DC attorney Bart Fisher, who said he would keep the club in Pittsburgh "at least temporarily." Fisher apparently sent a letter to the Pirates' investment bankers yesterday and renewed his offer to buy the team, with several new investors. Fisher said his new offer expires at the end of business today. William Collins, head of Virginia Baseball, who wants to move the club to the DC-area, has said he will wait until the franchise makes it known it is accepting offers from would-be relocators (WASHINGTON POST, 9/26). Fisher's new group reportedly has $50M in equity (WASHINGTON TIMES, 9/26).